Will Q4 Earnings Push Hyatt Stock Higher?

Will Q4 Earnings Push Hyatt Stock Higher?

KIEV, UKRAINE - 2021/04/06: Hyatt logo at their hotel building is seen in Kiev. (Photo by Pavlo ... [+] Gonchar/SOPA Images/LightRocket via Getty Images) The shares of Hyatt Hotels (NYSE: H) observed strong gains in recent months despite a surge in coronavirus cases due to the Omicron variant. This can be largely attributed to the revival in travel demand which pushed the company's system-wide occupancy rate from 42% in Q2 2021 to 55% in Q3 2021. Moreover, Hyatt reported $209 million of operating cash flow for the nine months ending in September against the 463 million of cash burn a year ago. Notably, the revenues increased by just 19% over the prior year. Given the likelihood of an uptick in travel demand over the coming quarters and Hyatt's sizable domestic presence, Trefis believes that the stock is likely to retain its value post earnings. We highlight the quarterly trends in revenues, earnings, stock price, and expectations for Q4 2021 in an interactive dashboard analysis, Hyatt Hotels Earnings Preview. The global economic recovery took a hit after the WHO declared the Omicron coronavirus mutation as a variant of concern. Market indices along with benchmark oil prices fell sharply as investors anticipate